Apple's (NASDAQ: AAPL) next-generation smartphone is expected to feature a larger (possibly higher resolution) screen, along with a longer body and a thinner design. The images above seem to confirm most of these expectations.

With three or four months to go before the iPhone 5 is expected to ship, few other details have been revealed. At press time, nothing has been confirmed. It is assumed, however, that some of the features added to the third-generation iPad (such as 4G LTE) will be carried over to the next iPhone.

During the event, Apple also introduced its long-awaited Maps app, a Google Maps (NASDAQ: GOOG) replacement that on Monday temporarily shaved 9% off Garmin (NASDAQ: GRMN), which specializes in GPS manufacturing. While iOS users can still access Google Maps on their iPhones, iPads and iPod Touches, they will lose that ability (and gain access to Apple's homebrewed maps) when iOS 6 is released this fall.

Just two weeks ago, Apple and Google traded for roughly the same price. But Apple continues to be the more valuable company with a market cap of roughly $540 billion versus Google's market cap of approximately $184 billion.

Apple's profit margins might take a hit when producing the next-generation MacBook Pro, which comes packaged with a more expensive, high-resolution Retina Display, despite retailing for the same price as the standard (high-end, 15-inch) MacBook Pro. But Apple is also selling more laptops as a result of the new features. Both the $2,199 and $2,799 models have already sold out on Apple's website; consequently, those who order one today will not receive the next-gen MacBook Pro for three to four weeks.

Apple shares are currently trading near yesterday's close at roughly $575.